The global demand for Cryogenic Insulation Market is presumed to reach the valuation of nearlyUSD 7.13 BN by 2030 from USD 4 BN in 2022 with a CAGR of 7.5% under the study period of 2023-2030.
Cryogenic insulation is a technique which assures the authentic storage and effective transport of inflammable products such as LNG (Liquefied Natural Gas). Cryogenic insulation materials are used to safeguard the manufacturing plants from unwanted accidents along with the increased production capacity. Some of the important features of cryogenic insulation are high mechanical stability, low & strong maintenance, and proven quality.
Market Dynamics
The rising demand for LNG as fuel is driving market growth. Rising environmental awareness is again accelerating market growth. On the other hand, the fluctuating price of raw material is expected to hinder the market growth. Whereas, growing demand for cryogenic technologies from space applications is likely to augment demand over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cryogenic insulation.
Market Segmentation
The entire cryogenic insulation market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
- PUR and PIR
- Cellular Glass
- Polystyrene
- Fiberglass
- Perlite
- Others
By Application
- LPG/LNG Transport & Storage
- Energy and Power
- Metallurgical
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for cryogenic insulation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cryogenic Insulation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cryogenic insulation market include Armacell International Holding GmbH, BASF SE, Lydall Inc., Cabot Corporation, Johns Manville Inc., Evonik Industries, Huntsman Corporation, and Rochling Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.